InfluxData originated from Errplane and builds InfluxDB, a time-series database and associated cloud service for real-time metrics, logs, events and tracing. The company recently launched InfluxDB IOx, a rebuilt columnar engine that adds SQL support, removes cardinality limits and is marketed as enabling much faster real-time queries. InfluxData offers dedicated cloud tiers and is developing a new on-premises, enterprise-focused product built atop IOx. The platform is used for observability, IoT and other high-volume, high-velocity data use cases and lists customers such as Hulu, Siemens, Tesla, Cisco and IBM. Operating metrics disclosed by the company include roughly 750,000 users on its cloud service, about 6,000 new users per month and more than 1,900 commercial clients; the company has about 165 employees and expects ~10% headcount growth by end of 2023. CEO Evan Kaplan says the company will use the new capital to expand IOx, cloud tiers and its enterprise offering. InfluxData develops InfluxDB, a purpose-built open-source time series database and platform for analyzing metrics and events for DevOps and IoT applications. The platform ingests data from humans, sensors, and machines to power monitoring, analytics, and IoT applications and is developer-focused with strong open-source demand. The company more than doubled revenue, new customer logos, and employees in 2018 and reports more than 450 customers, including Cisco, eBay, IBM and Siemens. InfluxData plans increased investment in product innovation with a heightened focus on the cloud, plus expanded sales, marketing, and customer support. It will begin marketing solutions for specific uses, including industrial IoT and network monitoring, and target industries such as e-commerce, gaming, and financial services. The company is led by CEO Evan Kaplan and is based in San Francisco. InfluxData builds an open source time series database platform that enables collection, storage and analysis of high-volume, time-stamped data. It offers a commercial, closed-source edition for enterprise-scale deployments that provides added security and availability; the commercial product has been available for 18 months. The company reports 120,000 sites running the open-source project and 400 enterprise customers, including IBM, SAP, Cisco, PayPal, Tesla and Siemens. CTO Paul Dix began building the underlying open-source toolkit in 2014 and Evan Kaplan is CEO. Influx currently employs 80 people and plans to double headcount in the coming year. Management is focused on expanding the time series database business to serve larger enterprise needs. InfluxData develops InfluxDB, an open-source time-series database and the accompanying TICK stack for collection, storage, visualization and processing of time-series data. The platform is designed to be easy to consume and to serve as a foundation that other SaaS providers can run on top of. Its technology is deployed across nearly 40,000 unique sites and is used by customers including Nordstrom, eBay, Solar City and Mozilla for real-time metrics and monitoring. InfluxEnterprise, the company’s commercial clustering product, reduces deployment and scaling time and forms a key part of its monetization path. The company says the open-source model has helped build a developer community but has not directly driven revenue growth to date. With the new capital, InfluxData plans to expand marketing and customer acquisition to position itself as a go-to solution for IoT and other high-volume time-series use cases. InfluxData began as Errplane and pivoted to build InfluxDB, an open-source time-series database designed to handle data that changes over time. Founders Paul Dix and Todd Persen shifted from a SaaS anomaly-detection service after customers signaled demand for the underlying infrastructure. The project gained early traction after mentions on O’Reilly Radar and Hacker News, and the community has contributed additional libraries beyond the core team’s work. The company went through Y Combinator and subsequently discontinued its original service to focus strictly on InfluxDB. InfluxData announced $8.1M in funding to continue building the product and to create a commercial entity around the open-source component. For now the team is optimizing for developer happiness and growing the community while planning commercial services later.

Total raised

$200M

Funding rounds

6

Latest round

Series E

Latest activity

Feb 2023